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tv   Journal  PBS  November 17, 2011 6:00pm-6:30pm PST

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you are watching the "journal" on dw-tv. italy's new prime minister reveals his crisis plan. lowering costs, as they test it in the house in order. and russia says the conflict in serial looks more and more like a civil war. damascus. he is wasted no time. italy's new prime minister has unveiled his plan for slamming the brakes on the country's growing debt.
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this comes a day after he introduced his cabinet. he says the future of the euro depends on what italy does now. outside of the halls of government, tempers are flaring again. >> the reforms could include damaging cuts to the education budget. the new prime minister briefed parliament on his reform plans. he promised to reduce italy's amount of debt and spur growth to offset tough austerity measures. he said governor's understand the gravity of the test ahead. >> we cannot delude ourselves the european union will survive if the monetary union would fail. it would desecrate the european markets, it to corporations and institutions. it would bring europe where it was in the 1950's. >> the plans include reducing
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property tax, which was abolished in 2008. that is expected to bring in billions, making the labour market more flexible and reducing red tape for start-ups and cutting the lifelong pensions for politicians. the german chancellor expressed confidence in the new government. >> i wish the government in italy every success. i hope that prime minister will make it clear that italy will take full advantage of the abilities that it has. italy is a strong, innovative country, with a good economic base. >> all eyes are now on a italy to see whether they can bring the country back from the brink of economic collapse. it does not matter what italy does not, does it? >> that is right, shares in europe hitting a six-week low. investors wondering if the
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eurozone debt crisis is spiraling out of control. first, holders of greek debt have been meeting in frankfurt and say they're committed to the 50% write-down on the bonds. meanwhile, people i've been on the streets of athens, protesting the latest spending cuts announced by the newly installed administration. more than 30,000 people marched. unions one to send a message to the government to reduce -- to reverse policies. greece is not the only country having problems paying back. some of it is spreading through the bond market. >> the french economy remain solid, but that has not stopped the interest rate of french government bonds rising 1% in one day. they have to pay nearly 3.9% to borrow money from investors the situation is similar in other european union countries. spain has to pay higher interest for their bonds. rates are high in countries that
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are not considered at risk. austria is paying 3.6% interest on its bonds. in finland is offering 2.5%. german bonds, by comparison, are selling at 1.8% interest. investors are demanding a high risk premium for the possibility that european countries do not pay up. higher rates make it more difficult for indebted countries to reform, but that is of little interest to speculators. >> the turmoil hit shares hard on thursday. we have more from frankfurt. >> record high yields for french and spanish bonds dragged down the mood on the frankfurt floor, especially the spanish auction named a disaster. spain has to pay more than 6.9% for its 10-year bonds. these reports really shocked some traders, leading to turmoil on the bond market.
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this storm will also lead to falling share prices. it the dax went down 1%. there has been some good news that helped lift shares from the lowest levels today, especially job market data from the u.s. helping a lot. >> looking at the numbers come starting in frankfurt, the dax index finished thursday at 1% lower. the euro stoxx 50 also down. in new york, the dow jones industrials finished lower, 11,740. but that of the united states surpassed $15 trillion, during the country's annual gdp. a bipartisan committee is open to reach agreement on deficit reduction measures prior to next wednesday's deadline. a minimum target as 1.2 trillion dollars. the parties have been squabbling over the size and types of
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cuts, and democrats insist on higher taxes for the wealthy. in new york, thousands of demonstrators have been marking the two-month anniversary of the occupied wall street movement in the financial district. they're protesting the power of banks and corporations. in an internet message, the organizers called on demonstrators to block the financial district, making traders struggled to get through the barricades to reach work. germany's second-largest airline is trying to emerge from its recent bout of turbulence under their new ceo, trimming routes and looking for cost savings, but so far that has not fallen through to the results. >> not long ago, air berlin was the rising star of german airlines, expanding to become the second-largest player on the domestic market. but not even growth led to too
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few passengers and rising costs. the results was a disappointing third quarter. net earnings came in at about 30 million euros. that is down 78%, compared with the same time last year. revenue rose, despite the reduced earnings. the company says high oil prices, the airline workers' strike, and air travel taxes hit its bottom line. but fierce competition and the airline industry has prevented air berlin from passing those costs on to passengers in the form of higher ticket prices. things are beginning to look like a civil war in syria. that is the assessment of russia's foreign minister. it comes after renegade soldiers attacked a key army base this week, the biggest attack yet from the opposition. we have more now on syria's reaction to the attack.
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>> following street fighting, triggered by a rebel attack at a military checkpoint, activists say troops have made sweeping arrests. but more and more syrians are fleeing to neighboring lebanon, turkey, and jordan. but even in the jordanian capital, they still hear the syrian regime. this person with only to tell his story on condition of anonymity. >> i went to the checkpoint to tell the soldiers by. life needed to get to the hospital. they told us to go back or they would shoot us both. a pregnant woman walked in front of me and she was shot in the belly. after that, i did not dare leave the house. my wife gave birth on the floor at home and the baby died. there was nothing i could do but. >> after that, the family just wanted to escape. his mother said their situation had become unbearable.
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>> week eight rotten bread. it would wipe off the mold or wash it and eat it. the food ran out and we started eating boiled potatoes. many died from lack of food. >> life is not easy for the refugees. it is nearly impossible to find work. most just want to return home to a free syria. world powers have closed ranks over growing concerns iran may be working on a nuclear bomb. the u.s., russia, china, france, britain, and germany has submitted a joint resolution to the international atomic energy agency for debate on friday. the nuclear watchdog pointed to the report from last week, which suggests more than ever that iran is close to having a nuclear weapon. at a meeting in vienna, the director of the iaea said that iran has carry out activities relevant to the development of a nuclear bomb. the emir of kuwait has told
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his security forces to take all measures to keep order after angry demonstrators stormed parliament wednesday. they accused the prime minister of corruption and are demanding his resignation. he denies the allegations. opposition members of parliament took part in the protest. witnesses said the storming of parliament as the mysterious protest to the fact that state in recent months did the most serious protest to attack the state in recent months. one person was injured when a rocket hit an assembly. the tribe are discussing the country's future, including a possible or conciliation with the taliban. the taliban had threatened to disrupt the assembly, but have not claimed results before the rocket fire. the german government has called a special meeting friday to find ways to combat right- wing terrorism. it comes after revelations that a neo-nazi group was able to
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operate more than a decade despite being watched by intelligence agencies. the police are hoping to get more information from a suspect being held in the case. >> this is the prison and cologne, where he is being held. the member of the neo-nazi cell gave himself up to the police last week. he admitted mistakes had been made, but he said the authorities did not use informers. >> context, there is no evidence the intelligence service cooperative with the neo-nazi ixelles. >> the investigative blunders in the case have led the conservatives and the coalition government to call for a center -- central registry of sympathizers. >> if the agency's argument
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clear-cut responsibilities to avert dangerous, prevent and solve crimes, and curb violent political extremism, they must also get the legal instruments and staff to enable them to carry out their work in the best possible manner. >> the government's commissioner for integration met with members of germany's turkish and greek communities. she called on the public to show support for victims of racist crimes. >> we must support the victims' families, to send a clear signal, saying you are not alone. we are united in our sadness and sympathy. >> the government has called investigators as well as regional and federal ministers to a special meeting in berlin friday to discuss how to better combat far right terrorism. the dimensions of the case seem to be increasing day-by- day. what can be expected from the government meeting tomorrow? we put that question to our political correspondent.
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>> the crisis meeting friday will be addressing to issues. one, we hope to be hearing an explanation of why these right- wing extremists were not apprehended much earlier. we expect to hear some admissions a failure on the part of authorities at state and federal levels to deal with this issue effectively. more importantly, i think will be hearing promises of how germany will be dealing with the right-wing terrorists in the future. we are already hearing a couple of proposals on the table. most of those concerned what portion between state and federal authorities. between intelligence services and the police, between the federal prosecutor's office and state prosecutor's offices. there is a coordination problem. there has been some admission of that. we will hear a moral resolve coming from that meeting, with federal and state ministers and those intelligence agencies, it
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resolved to here with right-wing extremist threats in the country. i think there will be a new mindset on this issue. >> that was our political correspondent. the southeast asian regional association has chosen parmalat to join the bloc in 2014. -- have chosen burma. it is controversial. the leader said the country has made significant progress moving towards democracy, although u.s. president barack obama warned that must improve their human rights record. there are still many political prisoners there and the people there are still denied basic freedoms. the world soccer top official is facing calls for his resignation after he said racist slurs should be settled with a handshake. he said that soccer did not have a problem with racism. he conceded that players may make offensive remarks or
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gestures to each other in the heat of play, but insisted these could be quickly forgotten once the game was over. an e.u. spokesman described the remedy for racism as completely unacceptable. the world of soccer seems beset with scandals. in germany, there are sexual harassment allegations against referees, and out of the referees are facing accusations of cheating the taxman. >> the president of germany's football association said to the referees in question should be given the benefit of the doubt, at least until more details become clear. >> in the initial talks, told all of the referees that anyone can make mistakes. i have made enough of them in my life. what matters is good sense, openness, and transparency. >> tax authorities are examining the records of 70 current and retired soccer referees on suspicion of tax evasion. the only name published so far
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is that of a fifa referee. it is clear that all first and second division referees have been questioned. >> after talking to the people in question and their tax advisers, we found seven cases where we expect the authorities to demand a supplementary tax return. >> this said it was taking steps to ensure that referees's integrity, including the requirements for next season of police certificates of good conduct four referees -- for referees. leonardo vote of vinci, genius and myth, and others to other works from all over the world. it includes his famous self portraits in red chalk, and works by other artists that were inspired by leonardo da vinci. the exhibition runs until the end of january.
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stay with us. i will be back with the in-depth report.
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welcome back. spain goes to the polls sunday as the country slides towards recession. we have seen what happened the in greece and italy. the governments there collapsed. because of the spending cuts demanded by the rest of the eurozone. spain was one of the first eurozone countries to be hit by the financial crisis, and the economic situation there is still grim. >> a bailiff with police backup of vix tenants from an apartment in barcelona. in the past four years, more than 300,000 spaniards have lost their homes because they cannot keep up with their mortgage payments. the result, about a million properties languishing on the market in spain.
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during the boom years, banks fuel to the development freezing the development frenzy with london. now the developers are in peril themselves, sitting on hundred of billions of euros. up to their necks in debt and now jobless, too, for a growing number of spaniards, that is the reality. spain has the highest unemployment rate in europe. a young people are the hardest hit. almost half are without work. before the crisis, unemployment in spain was on a steady decline. in 2007, it began to surge. today, the jobless rate is 21.5%, and continues to rise. by comparison, germany has maintained a relatively stable unemployment rate through the crisis. economic stimulus programs could help. the spanish government has no
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money for them. madrid has been quick to implement a strict regime of cost-cutting measures demanded by the e.u. jobs, tax breaks, and amendments were on the chopping blocks. despite the setback, spain's economy is expected to post marginal growth this year, thanks in part to tourists from the north to have more money to spend on fun and the spanish sun. >> in may, many spanish young people took to the streets to protest the dire financial situation of their country and to campaign for more social and the set of a protest camp and a main square in madrid that came to be known as the indignant once. we caught up with one it indignant activist. >> christine that is on her way to a demonstration in madrid. it is a small rally compared with others.
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even so, several thousand protesters have turned out to demand social justice. this 24-year-old as among those calling to continue the fight. with elections days away, they're targeting the major parties. for the dignity once commonly the socialists or the conservatives are electable. >> we need to ensure that we are seen and heard. we made it clear that voters need to think carefully about who they elect. >> they join the protest movement to vent their anger. the people here feel let down by the main street parties. >> the eurozone bailouts, constitutional changes, harsh cuts in social services. people are outraged, fed up. it is not surprising they take to the streets.
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>> among the crowds of protesters, there were also stands set up with mock ballot boxes. they are being used to collect proposals for an alternative election platform in the run-up to the election. then christina heads home. it like many young spaniards, she lives with her parents. she is highly qualified and has degrees in law and political science, but she is employed as an unskilled worker earning 380 euros per month. >> because i cannot find a job to support myself, i am getting more qualifications. i am doing my master's in international development aid. that is the field i hope to work in. >> cristina is also busy with an assignment for the protest movement, drafting a document for a general strike. she also answers emails. >> this is what they are asking us, which political party best represents the demands and
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initiatives of the may 15 movement in this election. >> from the protesters point of view, none of the parties measure up and they have no plans to form a party. but what the movement to be open to everyone. >> the movement is how we will achieve change. the existing parties are welcome to adopt our proposals. that is important. our movement needs to maintain its momentum and must not dissolve into a party. >> later in the evening, it is time for a break. her mother supports her daughter's protest activities. they discuss the lack of employment opportunities in spain. >> where am i supposed to find a job? the only chance is to move abroad like others. >> she is so highly qualified. we were certain that she would find a job after she graduated, but it is so difficult.
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>> cristina has a lot on her plate right now and faces an uncertain future. that makes moments like this when she could relax all the more enjoyable. voters on sunday are expected to punish spain's governing party, as has happened in other indebted eurozone countries. polls and to keep the socialists will be swept out of power with a landslide victory predicted for the opposition conservative people's party. >> blue or red? two parties, two choices. the next prime minister will either be conservative or socialist. the polls predict a victory for the center-right. >> this government has not done a good job. people are frustrated, so the conservatives will win. >> once again, a single party will win a majority that it does not deserve.
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that a center-right people's party is surging ahead of the governing socialists, and polls indicate there will easily win the absolute majority. voters want solutions to the crippling economic crisis. >> we have to begin an austerity drive to make financial agreements with our eurozone partners. we also have to consolidate our budget. but we have to do that with policies that provide incentives for investment and economic growth. >> the governing socialist party has a similar agenda. >> first, we need spending cuts. then we need more state and the estimates for companies in trouble. economic policy on the european level. >> clear goals, but the majority of voters do not believe the socialists and their leader can deliver. until the campaign, their leader
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was a member of the current government, which many spaniards hold responsible for the country's economic woes. on the streets, the socialists are losing their grass-roots support, but refusing to admit defeat. >> we know how to fight. we also know how to fight an opposition. the conservatives governed eight years. >> despite their lead, the people's party continues to campaign hard, tapping into voters' anger about spain's economic situation. >> people are skeptical. but here at the stand, they're very interested. >> the party is poised for a massive election victory sunday. it seems spain is indeed ready for change. >> elections in spain and the shadow of the eurozone debt crisis. that has been our in-depth report.
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thank you for watching, and tune in. captioned by the national captioning institute --www.ncicap.org--
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